ICP jumped to the 8th spot soon after its launch on May 10, 2021, on MXC Exchange
What is $ICP?
ICP is the brainchild of the Dfinity Foundation pioneered by Dominic Williams, a not-for-profit scientific research organization based in Zurich, Switzerland. ICP is the world's first and original blockchain that runs at web speed with limitless capacity. The creative genesis of the ICP blockchain can be directly compared with that of Bitcoin & Ethereum. The possibilities are infinite, as Dominic refers to this project as the “third major innovation in blockchain” after Bitcoin & Ethereum.
Through ICP blockchain, users can create smart contracts, process & store data, and utilize software development frameworks known as “canisters”, as they like to call them, and all of this at unlimited capacity.
As per their official website, “The Internet Computer is the last original Layer 1 blockchain project that is launching a revolutionary public network that provides a limitless environment for smart contracts that run at web speed, serve web, scale, and reduce compute costs by a million times or more. Build everything from DeFi, to mass market tokenized social media services that run on-chain, or extend Ethereum Dapps.Chase the blockchain singularity ∞ ”.
ICP issued one of the most sophisticated & thorough whitepapers we have seen in a while. It provides an in-depth understanding of the project along with tutorials for devs to program this blockchain to its highest creative sustenance and did we mention the possibility is infinite?
- Dfinity is an infinitely scalable, intelligently distributed, cloud computing system and third-generation blockchain, which is highly compatible with existing Ethereum applications. It brings a series of cutting-edge cryptography and distributed system innovations, including Threshold Relay, Probabilistic Slot Protocol, USCID, etc, to achieve a milestone of 3-7 seconds final confirmation of the public chain, which is 50-200 times faster than the current network based on PoW (proof-of-work) mechanism. At the same time, the Blockchain Nervous System is introduced in the governance mechanism, which uses algorithms to govern the network, realizes the network upgrade without a fork, reverses the hacker attack, etc.
- As a star project, started in 2015, Dfinity plans to launch the main network in the first quarter of 2021, which is a blockbuster project after Filecoin, Polkadot, etc. The vision of the Dfinity project is to become an "Internet computer" in the era of blockchain. Centering on this goal, the Dfinity test network has gone through more than two years and five stages of iteration. At present, various parameters and technical routes are stable.
- ICP claims to be the evolution of the internet by providing the support to build tokenized mass-market social media services created exclusively from smart contracts such as SDK. These smart contracts will be based on one of the most powerful programming languages, Motoko. The Motoko programming language continues to evolve with each release of the Dfinity Canister SDK and with ongoing updates to the Motoko compiler.
Who are the team members?
Dfinity foundation created ICP with one of the highly intelligent teams consisting of 189 people. This powerhouse team consists of engineers and researchers from academia, crypto, and the world’s leading technology organizations, like IBM, Google, Facebook, Apple, Microsoft, Goldman Sachs, Intel. Uber to name a few.
How to trade $ICP?
While typing this article the pair ICP/USDT is trading at ~ $132
Here is a direct trading Link: ICP/USDT on MXC Exchange
More Stats, since you didn't get enough already:
ICP has a 24-hour trading volume of $ 155,000 USDT on the MXC Exchange! With an ATH of $700.65 & an ATL of $90.10, the volatility is high in the market this week. ICP is down by 6.5% in the last 24 hours. The current CoinMarketCap ranking is #10, with a live market cap of $16,280,770,167 USD. It has a circulating supply of 124,048,742 ICP coins and the max. supply is not available.
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